GBP/CHF Long-Term Trend: Bullish
Key Resistance Levels: 1.25187, 1.26617, 1.27295.
Key Support Levels: 1.24211, 1.23549, 1.22809.
Daily Time Frame:
The price on the higher time frame is in a clear upward movement where a series of higher highs and lows has been posted after breaking the bearish channel to the upside by posting a double bottom pattern. A move to the upside is expected in the coming hours.
GBP/CHF Medium-Term Trend: Bullish
1-Hr Time Frame:
On the lower time frame, the market is traded inside a bullish channel formation where it retraced to the highlighted zone where we expect it to move now to the upside with a new bullish impulsive wave toward the target profits.
Buy Limit Order @ 1.24280
TP 1 @ 1.24924
TP 2 @ 1.26617
Stop Loss @ 1.23961
Trade Safely 🙂